NW_20020605_en_VASCO Data Security Joins Cisco AVVID Partner Program

June 5, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – June 5, 2002 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that it has joined the Cisco AVVID (Architecture for Voice and Video Integrated Data) Partner Program as a Security and Virtual Private Network (VPN) Solutions member. With Cisco AVVID partner offerings, customers can now deploy Digipass Pro 300 v1.2, including the VACMAN Radius Middleware functionality, with the Cisco PIX Firewall family running version 6.1(2) and Cisco Access Control Server (ACS) version 3.0 to provide enhanced AAA (Authentication, Authorization, Administration) security to enterprise customers. VASCO Digipass tokens replace unsafe static password authentication with more secure, random one-time passwords to ensure that remote network access does not become the weakest link in a secure network

The Cisco AVVID Partner Program sets criteria for interoperability testing by independent third parties and is a co-marketing program enabling leading product and services firms to deploy innovative e-business solutions. The program provides enterprise customers with information regarding Cisco AVVID Partner products and services, which an independent testing facility has tested, verified and found to interoperate with a specified version of Cisco networking technology, within the SAFE security blueprint. The SAFE security blueprint provides a comprehensive security strategy for Cisco AVVID networks and utilizes the critical security technologies required to mitigate threats throughout an enterprise’s e-business infrastructure.

“Achieving the AVVID Partner Program requirements for interoperability opens substantial business opportunities for VASCO in corporate networking and remote access environments,” said Jan Valcke, executive vice president of Sales and Marketing for VASCO. “Our products, Digipass 300 and VACMAN Radius Middleware, can easily be implemented with these Cisco security solutions to provide strong authentication, authorization and administration to any customer who wishes to adhere to the Cisco SAFE blueprint.”

“Vasco and Cisco support open, standards-based architectures and share a commitment to providing interoperable security solutions. Through this vision, the Cisco AVVID Partner Program delivers the power of choice to enterprises -- the ability to extend the Cisco end-to-end architecture with our members’ world-class products and technologies,” said Greg Mayfield, manager of market and business development at Cisco Systems. “With Cisco AVVID partner offerings such as Vasco’s Digipass Pro and VACMAN products, customers can deploy a broad range of e-business solutions that help drive the rapid adoption of secure business-critical technologies.”

About Digipass Pro 300:
The handheld Digipass Pro 300 provides financial institutions and companies with a secure means of customer or employee identification and authentication for remote access to their computer systems and networks. The Digipass Pro 300 is ideally suited for large public banking applications such as telebanking, home banking, PC banking, phone banking and Internet banking where authentication and e-signatures are key requirements.

About VACMAN Radius Middleware:
VACMAN RADIUS Middleware is the simple and cost-effective solution to help customers positively identify the remote users who are requesting access to your network, powered by Digipass. VACMAN Radius Middleware can be used to tighten the security for remote access in ANY RADIUS environment. It’s designed to enforce Digipass’ strong authentication technology in combination with any RADIUS server.

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and VACMAN® products offers end-to-end security through strong authentication, digital signature, network Single Sign-On, and Radius, LAN and Web security, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.

Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:

VASCO Data Security:
Jochem Binst, +32 2 456 9810, [email protected]
Investor Relations:
Annemieke Blondeel, USA +1 630 932 8844, Europe +44 20 8298 99 60, [email protected]